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  1. #301

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    Re: Hong Kong Plus Macau forming a Theme Park/Entertainment/Gaming Cluster

    The New Babylon Casino at Fisherman's Wharf to be opened on 23rd December 2006.

    Phase 2 of Fisherman's Wharf announced. (Macau $5 billion will be spent for the expansion). Phase 2 will be completed by 2010.





    photo Credit : Apple Daily

  2. #302

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    Re: Hong Kong Plus Macau forming a Theme Park/Entertainment/Gaming Cluster

    + =
    ??




    Casino looks like an MGM/Caesars hybrid, too.

  3. #303

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    Re: Hong Kong Plus Macau forming a Theme Park/Entertainment/Gaming Cluster

    Wall Street Journal today has an article that some investment people are suggesting some Macau stocks are overvalued, particularly "Melco."

    They're worried that there's too much building now because people are beginning to see empty tables even with the number of visitors going up.

  4. #304

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    Re: Hong Kong Plus Macau forming a Theme Park/Entertainment/Gaming Cluster

    Speaking of which...

    http://macaudailyblog.com/macau-casi...en-early-2007/

    The Babylon Casino on Fisherman’s Wharf is do to open in early 2007. Details are a bit sketchy, but we do know that it was originally planned to be a nightclub to be called the Babylon Nightclub. But as the number of visitors to Fisherman’s Wharf was disappointing and as it did not meet Dr. Stanley Ho’s Company’s expectations it was decided to build a casino instead. Late September it was reported that Fisherman’s Wharf was up for sale, we still don’t know if that includes the casino. The Babylon Casino will be a small one with about 80 gaming tables.

  5. #305

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    Re: Hong Kong Plus Macau forming a Theme Park/Entertainment/Gaming Cluster

    Quote Originally Posted by MickeyMania View Post
    Speaking of which...

    http://macaudailyblog.com/macau-casi...en-early-2007/

    The Babylon Casino on Fisherman’s Wharf is do to open in early 2007. Details are a bit sketchy, but we do know that it was originally planned to be a nightclub to be called the Babylon Nightclub. But as the number of visitors to Fisherman’s Wharf was disappointing and as it did not meet Dr. Stanley Ho’s Company’s expectations it was decided to build a casino instead. Late September it was reported that Fisherman’s Wharf was up for sale, we still don’t know if that includes the casino. The Babylon Casino will be a small one with about 80 gaming tables.


    The New Babylon Casino will be opened on 23rd December 2006 instead of Early 2007.

    It was reported by Local newspapers the owners of Fisherman's Wharf at Macau are considering having it listed on Hong Kong Stock Market instead of putting it up for sale.

    more reliable news at
    Macau SAR Forums at HKDLR

  6. #306

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    Re: Hong Kong Plus Macau forming a Theme Park/Entertainment/Gaming Cluster

    http://www.smh.com.au/news/business/...685678495.html

    WINNIE HO, younger sister of Macau casino kingpin Stanley Ho, has offered to buy out his stake in the company that controls 16 of Macau's 23 casinos.

    Winnie Ho claims Sociedade de Turismo e Diversoes de Macau (STDM) owes her about $HK3 billion ($491 million) in dividends for the past five years for her 8 per cent stake. Ms Ho, 83, has filed more than 30 lawsuits against her brother for owing her money, defamation, and over shareholding structures.

    "We don't need all these lawyers if he plays by the rules and the law and pays me back the money he owes me," she said in a televised interview. "But that's just Stanley, always thinking he can just walk over anybody."

    The legal disputes between Mr Ho and his estranged sister have stalled a planned $HK15 billion share sale since May.

    Macau's casino market has boomed since Mr Ho's four-decade monopoly ended in 2002, with Las Vegas Sands and Wynn Resorts building casinos and tourists flocking from the mainland.

    Other new players include a joint venture between James Packer's Publishing & Broadcasting Ltd and Melco International. Melco is run by Stanley Ho's son Lawrence Ho, though the patriarch retains a stake. Melco-PBL, which last week missed out in the bidding for a Singapore casino, has filed plans for a $US1.1 billion ($1.4 billion) float of its Macau casino interests on the US Nasdaq market.

    Stanley Ho's law firm, Herbert Smith, said in a letter that he and his company rejected "all of Madam Winnie Ho's allegations". Mr Ho would not comment further because of continuing legal proceedings, the letter said. His spokeswoman did not immediately respond to an interview request.

  7. #307

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    Re: Hong Kong Plus Macau forming a Theme Park/Entertainment/Gaming Cluster

    Emperor posts 54pc decline in net profit

    Thursday, December 21, 2006

    Emperor International Holdings (0163) reported net profit for the first half ended September 30 fell by 54 percent to HK$204 million from HK$447 million the previous year.

    Revenues dropped 60 percent to HK$200.4 million, compared with HK$497 million.


    Group managing director Vanessa Fan Man-seung blamed the year-on- year decline on the company's disposal of non-core assets immediately before this interim six-month period.


    A year ago, those now-discontinued operations accounted for revenues of HK$342 million.
    Taking only continuing operations into account this time, turnover rose 29 percent from HK$154.8 million last year, she said.


    The group, which is involved in property, securities brokerage and hotel and restaurant operations, declared a dividend of 4 HK cents per share.
    Meanwhile, its gaming subsidiary Emperor Entertainment Hotel (0296) fared much better in the same six months, with revenues soaring 777 percent over the previous year to HK$593.3 million.


    This resulted in net profit jumping nearly sixfold to HK$109.2 million from HK$18.7 million.


    Fan said the company's Grand Emperor Hotel in Macau, which opened last January, has recorded an occupancy rate of about 80 percent, while the hotel's Emperor Palace Casino has done a roaring business. "Expanding our business, we will add four tables to the existing 48 tables in the concourse area by the end of this year and one more VIP room in the coming few months," Fan told a Hong Kong news conference.


    "We gradually will add more to reach our full capacity."
    She said the company is unconcerned about growing casino competition in Macau "because we target the high-end and regular customers" who comprise more than 70 percent of the clientele.


    Emperor International shares closed Wednesday at HK$1.80, down 1 HK cent, while Emperor Entertainment's stock rose 5 HK cents to close at HK$1.59.
    Source: The Standard

  8. #308

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    Re: Hong Kong Plus Macau forming a Theme Park/Entertainment/Gaming Cluster

    Tryst Ultralounge Set to Transform Macau's Nightlife

    Glamorous Opening Night Creates a New Atmosphere for Hong Kong & Macau

    MACAU, China, Dec. 19 /PRNewswire-FirstCall/ -- Tryst Ultralounge at Wynn Macau Resort (China) threw a stylish opening party on Thursday, December 14, 2006. Set to be the latest hot spot in Macau, a 'Who's Who' of Hong Kong and Macau's celebrities and socialites joined the exclusive opening celebration, which threw open the doors towards the transformation of Macau's nightlife.


    Created by a top international design team, Tryst -- a name evocative of a discreet rendezvous -- offers an atmosphere like no other in Macau. Sensual deep red and black decor complements the subtle lighting to create intimate lounge areas surrounding the stunning dance floor.


    Top DJs from around the world completed this hip vibe, and the chic opening night crowd moved to the sounds of acclaimed West Coast singer- songwriter Chris Clouse and sought-after San Francisco headliner DJ Solomon, spilling out onto the pool terrace before partying till dawn to the beats of DJ Scotty Boy from Las Vegas and DJ Tommy Boy from Hong Kong.
    Hand-picked by Steve Wynn himself, both Cy Waits and Shawn Chester moved across the world from Las Vegas to serve as managing partners of Tryst. Both have extensive experience as key figureheads in the Las Vegas nightclub industry.


    Tryst Ultralounge brings -- for the first time -- a piece of Las Vegas' nightlife to Macau. A minimum charge reserves a table for an evening, and European-style bottle service (similar to Las Vegas nightclubs) is offered. The dress code is casual chic and the ultralounge is open from 10pm until dawn Wednesday through Sunday.


    Tryst Ultralounge is part of Wynn Macau, the first integrated luxury resort in Asia (developed and owned by Las Vegas resort mogul Steve Wynn).
    Source : PR Newswire

  9. #309

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    Re: Hong Kong Plus Macau forming a Theme Park/Entertainment/Gaming Cluster

    Fisherman's Wharf officially opens at Macau

    2006-12-24
    12月23日,經過試營業近一年的澳門漁人碼頭主題公園,在二期景區設施建成完善後,舉行正式開園慶典。圖 為演員們在開園慶典上表演。
    澳門漁人碼頭主題公園正式開園
    【大公網訊】12月23日,經過試營業近一年的澳門漁人碼頭主題公園,在二期景區設施建成完善後,舉行正式 開園慶典。澳門漁人碼頭主題公園是澳門特區第一個主題公園,佔地11.15萬平方米,2001年9月動工興 建。
    Source : Takungpao and reported by HKDLR.COM

    Partial Translation:

    Fisherman's Wharf officially opens on 23-Dec-2006 after one year of operation.

  10. #310

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    Re: Hong Kong Plus Macau forming a Theme Park/Entertainment/Gaming Cluster

    Grand Lisboa is coming soon!

    Tentative opening date is late January or early Feb 2007.


  11. #311

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    Re: Hong Kong Plus Macau forming a Theme Park/Entertainment/Gaming Cluster

    eSun to make Macau casino a 'star attraction'

    CapitaLand's partner in Macao Studio City banks on HK actors



    MACAU has little to prove now that it has overtaken Las Vegas in terms of gaming revenue. All that is missing are the superstar acts like Celine Dion and Elton John to pump up the glamour factor and complete its transformation.
    And this is where CapitaLand's partner in Macao Studio City - eSun Holdings - will deliver, by offering stars like Jacky Chan and Leon Lai.


    Hong Kong conglomerate eSun Holdings' entertainment arm currently produces about six to eight movies a year and its executive director, Ambrose Cheung, said that joint-venture entertainment companies with the likes of Jacky Chan and Leon Lai put it in good stead to face competition from rival integrated resorts like the Venetian Macao and City of Dreams on Macau's Cotai Strip.
    'The Venetian may have Cirque Du Soleil, but we feel we understand the Chinese market better,' added Mr Cheung, who is also co-CEO of Macao Studio City.
    eSun produces about 70 per cent of the concerts in Hong Kong, and in 2006, it catered to an audience of two million people, each paying an average of HK$300 (S$59) per ticket, or an estimated HK$600 million in ticket sales.


    Whether there will be anchor shows - like Celine Dion's A New Day - by Hong Kong stars at Macao Studio City has not been confirmed, but Mr Cheung said that eSun's stable of stars could likely perform on a more occasional basis.
    What is clearer is that these stars will endorse parts of the integrated resort (IR). 'One example would be for our celebrities to be spokespersons for our retail tenants,' explained Mr Cheung.


    Retail takes up 1.4 million square feet of the six million-sq-ft IR. And Mr Cheung points out: 'In Hong Kong, it is estimated that tourists from China spend about 60 per cent of their daily expenditure on shopping.'


    He also noted that the small Louis Vuitton boutique at the newly opened Wynn Macau rakes in more money on a per square foot basis than the flagship store in Hong Kong.


    About 3.5 million sq ft, or about 60 per cent, of the IR will go to the three hotels which will be rated four-star and above, even though Mr Cheung notes that generally, Chinese tourists 'do not spend much on accommodation'.


    For Macao Studio City, revenue from the retail component is projected to be about 25-30 per cent. Gaming revenue will only make up about 18-20 per cent, with the rest coming from the hospitality segment (about 40 per cent) and entertainment/convention centre segment (10-15 per cent).


    Neither eSun nor CapitaLand will have direct stakes in the gaming operations, which has been franchised from Melco PBL Entertainment by David Friedman, co-CEO of Macao Studio City, and also part of the New Cotai LLC consortium which has a 40 per cent stake in the IR. CapitaLand and eSun own a 20 per cent and 40 per cent stake respectively.


    Revealing more on how CapitaLand will benefit from the 'upside' of the gaming operations, CapitaLand Hong Kong country director Cheng Shin-How explained that the current annual base rent of about US$62.5 million for the 500,000-sq-ft casino can be revised upwards by 10 per cent every three years. He also disclosed that an alternative structure based on the percentage of the gaming revenue had been devised, and this would supercede the base rental structure if it is higher.


    Additionally, Mr Cheng highlighted that it will be the gaming operator who will have to bear the cost of constructing and fitting out the entire casino.
    Shifting the emphasis away from the traditional casino business model is in line with what analysts see for the future of Macau.


    JPMorgan (Hong Kong) analyst Billy Ng notes that with the opening of Wynn Macau, a miniaturised version of the upmarket Wynn Las Vegas, tourist arrivals from Hong Kong, Japan and Korea have increased significantly. In particular, arrivals from Hong Kong increased by 30 per cent in 2006.
    Source : Business Times Asiaone

  12. #312

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    Re: Hong Kong Plus Macau forming a Theme Park/Entertainment/Gaming Cluster

    Genting teams up with Stanley Ho

    Genting group has gained a foothold in the casino business in Macau via a tie-up with gambling mogul Stanley Ho, who in turn will take up a stake in its associated company Star Cruises Ltd.


    Announcing the deal on Jan 23, Genting group said it was venturing into Macau via the acquisition of a parcel of land in Lago Nam Van on the shores of Nam Van Lake in downtown Macau for HK$1.47 billion (RM659.72 million).


    The group intends to build a hotel, in which will be sited the casino that will be owned and operated by Ho, while Star Cruises will provide the facilities and services.


    The corporate deal will see Ho, Malaysian businessman Chua Ma Yu and three other parties ending up with a 6.99% stake or 510 million shares in the enlarged share capital of Star Cruises under subscription and share option agreements.


    Star Cruises said on Jan 23 that its newly acquired 75% subsidiary New Orisol Investment Ltd is buying 75% of Macau Land Investment Corporation, which owns the land. Genting International PLC owns the balance of 25% in New Orisol.


    Star Cruises also entered into an agreement with Sociedade de Jogos de Macau (SJM), one of three main casino concessionaires in Macau, whereby a Star Cruises subsidiary will provide services to SJM and its casino for a monthly fee. SJM is owned and controlled by Ho.


    “Macau Land intends to develop Resorts World at Macau, a boutique hotel which includes the casino on the premises,” Star Cruises said in a statement.


    Under the subscription agreement for 255 million Star Cruises shares for HK$583.95 million or HK$2.29 each, Ho via Profit Boom Investment Ltd will subscribe for 120 million shares, Chua 42 million shares, SJM shareholder and director Leong Angela On Kei (40 million), Win Ever Investment Ltd (40 million) and Ideal Collection Assets Ltd (12.5 million). The option shares granted to the five parties are 255 million at a premium of 28 Hong Kong cents each or a total of HK$71.4 million. Its exericse price is HK$3 for each Star Cruises share or a total of HK$765 million.


    Star Cruises said the subscription and option shares represent 7.52% of existing paid-up capital or 6.99% of its enlarged capital, and the proceeds would be used to fund its S$5.2 billion (RM11.84 billion) Sentosa Integrated Resort.


    The Resorts World at Macau project, scheduled to be completed by 2009 at a development cost of HK$4.7 billion, will be funded by a combination of debt, equity capital and bank borrowings, Star Cruises said.


    Genting owns 57.7% of Resorts World and 58.5% in Genting International. Star Cruises is a 36% associate of Resorts World.
    Star Cruises chairman, president and chief executive officer Tan Sri Lim Kok Thay said: “Macau is the fastest-growing leisure, entertainment and hospitality market in the world.


    “With the presence of so many leading industry players in Macau, it is a further testimony of the need for us to build our strong presence in Macau.”
    “This project will complement our various hospitality developments in Malaysia, Singapore, the United Kingdom and the United States as we seek to capture and maximise each tourist dollar going into these destinations,” he said.
    Commenting on his investment in Star Cruises, Ho said: “This is a personal investment and has nothing to do with any of my publicly listed companies.”


    Meanwhile, without citing where it got the information, Reuters reported that Star Cruises and Genting International would buy a controlling stake in the yet-to-built casino in Macau. The report said the deal would give octogenarian Ho a stake in Singapore’s casino resort while offering Genting group access to the lucrative China gambling market.


    On Bursa Malaysia, Resorts World rose RM1 to close at RM17.40, its highest closing since mid-1995, with 4.09 million shares done while Genting added 50 sen to RM36.
    Source: the edge daily

  13. #313

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    Re: Hong Kong Plus Macau forming a Theme Park/Entertainment/Gaming Cluster

    Branson Bets His Virgin Brand, Entertainment Will Win in Macau
    ---------------------------------------------------------------

    Richard Branson's plan to open a Virgin brand casino in Macau may hinge upon whether Chinese gamblers will warm to Las Vegas-styled entertainment during breaks from the tables.

    Branson visited Macau this week for talks to open a casino- entertainment center, a spokesman for Virgin Group Ltd. said yesterday. The 56-year-old billionaire would join Las Vegas Sands Corp. and Wynn Resorts Ltd. in the world's largest gaming market, which doubled the number of playing tables last year.


    ``The casino gaming industry is now converging with the broad entertainment industry in a way it never has before,'' Jonathan Galaviz, a partner at gaming consulting company Globalysis Ltd., said today. ``Virgin can use an integrated entertainment development in Macau as a new platform to submerge Chinese consumers into the Virgin brand experience.''


    When billionaires Sheldon Adelson of Las Vegas Sands, the world's biggest casino-operator by value, and Steve Wynn entered Macau after the four-decade monopoly of Stanley Ho ended in 2002, they brought some of the pizzazz that's made their hometown base in Nevada's desert famous.
    Adelson, Wynn Resorts Ltd., and Kirk Kerkorian of MGM Mirage are building new resorts featuring artificial canals, singing gondoliers, luxury shopping malls and celebrity chefs, in stark contrast to the smoke-stained walls and frayed carpets that were a feature of Ho's decades-old flagship, the Hotel Lisboa.


    Buying In
    A Macau venture would add casinos to Branson's business interests that include planned space flights by Virgin Galactic, the airline Virgin Atlantic and online slot games in the U.K. He founded Virgin as a mail-order record store in 1970 and branched into a record label, a radio business, an airline, clothing, soft drinks and railroads.


    To operate in the Chinese city, Branson needs to buy a casino license or find a partner who has one. The government has vowed not to release more licenses until 2009 at the earliest.


    ``I'm sure he'll bring his own unique content to the project,'' said Simon Smith, senior director of research and consultancy at Savills Hong Kong Ltd. ``The Virgin brand is fairly well established and a lot of it is about branding.''


    Branson met with Macau Chief Executive Edmund Ho to discuss the possibility of acquiring a 20-hectare site and building a $3 billion resort, featuring three hotels and a casino, Financial Times reported today, citing Branson. Elena Au, a spokeswoman for the Macau government, declined to comment today.


    More Players
    Gambling revenue in the former Portuguese colony surged 22 percent to $6.95 billion last year, surpassing the Las Vegas Strip, as it added seven new casinos, bringing the total to 24. Macau had 2,762 gaming tables in the year to Dec. 31, double that of the year before, according to the Web site of the city's Gaming Inspection and Coordination Bureau.


    ``If the number of gaming tables continues to double every year, it must substantially hurt the existing operators in term of profit margins,'' Ken Yeung, a gaming analyst at BOCI Securities Ltd. in Hong Kong, said today.
    The city's gaming revenue may reach $8 billion in 2007, mainly driven by the scheduled opening of Las Vegas Sands' Venetian Macao in the middle of this year, Galaviz wrote in a report in August. His Las Vegas-based consultancy company estimated 2006 revenue in the Las Vegas Strip at $6.6 billion.
    Adelson, chief executive officer of Las Vegas Sands, said he recouped his $260 million investment in Macau in eight months after opening the Sands Macao in 2004, the first U.S.-owned casino in the city.


    Wynn, Genting


    Wynn Resorts opened the $1.2 billion Wynn Macau in September on the Chinese island. The Las Vegas-based company plans to build a second casino there. MGM Mirage is also building a new resort in the city.


    Genting Bhd., Asia's biggest listed gaming operator, announced this
    week that its Star Cruises Ltd. unit will open a casino in Macau and sell a stake to Ho. Controlled by billionaire Lim Kok Thay, the Kuala Lumpur-based company may woo gamblers across Asia by offering trips to its flagship resort in Malaysia and to a Singapore casino due to open in 2010.
    Source : Bloomberg

  14. #314

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    Re: Hong Kong Plus Macau forming a Theme Park/Entertainment/Gaming Cluster

    HongKongDisneyland, this is something that printed in the local business media. I don't know if you've seen anything about Kim there or not?

    http://www.valleyblogs.com/mckee/2007-02-01/id_2042

    Trouble in Macao

    By David McKee
    February 1, 2007

    Just when everything was looking hunky-dory for U.S. companies moving into Macao, who should pop out of the woodwork but the son of wastrel North Korean despot Kim Jong-il. It sounds like he's a chip off the old block (and even uglier than Dad, if such a thing were possible) and he's been hanging out in Macao for the past three years, it seems, mostly at the enclave's luxury hotels.

    If Junior's been hanging his hat at any properties owned by Las Vegas Sands or Wynn Resorts … well, that would be a bit of a PR nightmare, wouldn't it? The news report says that Kim Jong-nam has been spotted dining at Macao's "plush casinos." (I guess that rules out any of Stanley Ho's joints.) The North Korean consulate in Macao pleads complete ignorance of the situation. Yeah, and they're probably shocked — shocked! — to find out that gambling is going on in Macao, too.

    American casino companies would presumably prefer that the public (and regulators) not be reminded of Macao's chummy relationship with Pyongyang. The State Department has condemned Macao as a hive of North Korean money laundering. And who operates a casino in Pyongyang (right next door to Communist Party HQ)? Stanley Ho. Who did MGM have to buy its subconcession from? Stanley Ho. Whose daughter did they have to take on as a partner? Stanley Ho's. Once again, all roads lead to Dr. Ho. (Spokespeople at MGM Mirage get decidedly nettled whenever the subject turns to the elder Ho.)

    Speaking of Pansy Ho … Nevada regulators may postpone their decision on her suitability as a business partner for MGM Mirage, pending new information. At this rate, execs at MGM may soon be able to toast the third anniversary of the Nevada Gaming Control Board's probe. Normally when you have to explore that far deep, you need a bathysphere.

    Meanwhile … analysts raise some questions about the amount of exposure facing some mega-developers in Macao, particularly with regard to exponential increases in retail (a quintupling of the current supply) and hotel-room inventory. Hotel occupancy hasn't been keeping pace with capacity, so a collision (or at least a speed bump) between Macao's status as a day-trip market and Western efforts to convert it into Chinese Vegas appears inevitable.

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